| Decision |
Consent granted |
|---|---|
| Decision maker | Overseas Investment Office |
| Decision date | 10 August 2022 |
| Pathway(s) | Residential land development (Non-residential use - One-off purchase) |
| Investment | An overseas investment in residential (but not otherwise sensitive) land, being the Applicant's acquisition of approximately 4.2032 hectares of freehold land located at the corner of Shands Road and Tancreds Road, Lincoln, Canterbury (Retrospective Application). |
| Consideration | $520,000 |
| Applicant |
Germinal Holdings New Zealand Limited |
| Vendor | Broadfield Farm Limited |
| Background |
The Applicant is a plant breeding, seed production, marketing and distribution company, which develops products for the livestock industry. The Applicant intends to use the Land to provide part of its site for its plant breeding and seed production business. The Applicant will not use, or hold, the Land for any residential purposes. |
| More information |
Glenn Shewan |
| Retrospective penalty |
$20,000 |